Enduring Power Of Attorney - Description
It is a very sad fact that one in five of us will lose mental capacity at some stage in life. An Enduring Power of Attorney is a document that enables you to give legal authority to a person or persons whom you trust.
These are called Attorneys, and will manage your financial affairs on your behalf, when you are not in a position to do so yourself, for example following an accident, stroke or the onset of dementia.
It is important to remember that the completion of an Enduring Power of Attorney in no way precludes you from dealing with your own affairs for as long as you are able to do so, but if that day should ever come your nominated Attorneys could take over your affairs easily and quickly without the need to go to court for the appointment of a receiver. Having to go to court can be time consuming and more costly, with additional annual costs to report to the court. Taking out the Enduring Power of Attorney now while you have capacity is the smart thing to do.
Enduring Power Of Attorney - Image(s)
